Is money owed to a credit card debt? Depends:
- If you've bought a cartload of groceries today, paid on credit, and the bill won't arrive for several weeks . . . no, it is not debt. You don't yet owe the money.
- On the other hand, if you've bought groceries on your credit card, and the bill has arrived, and you can't pay it, or if you're not paying in full . . . yes, it is debt. Why the difference? Because the time to pay has come and gone, and you didn't pay. Or didn't pay in full.
I love using my credit card. I genuinely don't spend more when I'm using credit, and I always pay in full every month. I profit from credit cards. However, I agree with the person who says society would be better off if we didn't have credit cards. Why? Because MOST PEOPLE aren't as skilled as I am ( and as most people on this board are) at using credit. MOST PEOPLE are using credit poorly (at least for a portion of their lives), and that makes their lives worse. Since so many people are suffering because of these things, it would be better to get rid of them altogether.
Not that that'll ever happen.